外文翻译--外国直接投资、贸易、产品创新的理论和证据.docVIP

本科毕业论文外文翻译 外文题目：FDI, Trade and Product Innovation: Theory and Evidence 出 处： Southerm Economic Journal 作 者： Hui-lin Lin and Lin Eric S FDI, Trade, and Product Innovation: Theory and Evidence This article investigates the relationship between foreign direct investment (FDI, including outward FDI and inward FDI), imports and exports, and product innovation. Our theoretical model predicts that inward FDI, outward FDI, imports, and exports have positive influences on firm innovative activities, which would evaluate the effects of the relative magnitude of different sources on innovation. The empirical results based on the 2003 First Taiwan Technological Innovation Survey confirm three of the proposed hypotheses for the entire sample. However, when focusing on the manufacturing sector, outward FDI, inward FDI, imports, and exports all exhibit strongly positive effects on the determination of conducting product innovation (i.e., the four hypotheses are verified). A consistent trend is that outward FDI has the largest effect on innovation, regardless of the measurement of product innovation and the division of the entire sample, which may imply that in Taiwan a positive effect of deindustrialization is to innovate more. 1. Introduction The current trend toward globalization has greatly increased the frequency of cross-border investments and international trade. For example, the amount of inward foreign direct investment (inward FDI) approved by the Investment Commission of the Ministry of Economic Affairs in Taiwan from 1991 to 2000 has had an average annual growth rate of 24.12%, which indicates that the local market actively uses the inward FDI. The amount of the approved outward FDI has shown an even higher average annual growth rate of 46.24% over the same period of time, which indicates that local firms arc actively investing in fore